Treasury Holdings and Aberdeen Asset Management have formed an £804 million sterling (€1.3 billion) split capital investment fund. The new investment vehicle, Real Estate Opportunities Limited, which will be listed in Dublin, London and the Channel Islands, will comprise primarily property assets alongside an with a further investment in fixed-income securities.

Real Estate Opportunities has been formed to acquire Jermyn Investment Properties plc and the 50 per cent of Castle Market Holdings Limited joint venture with Treasury Holdings that Jermyn does not already own.

Real Estate Opportunities is offering £5.96 per Jermyn ordinary share and £1.74 per Jermyn convertible unsecured loan stock.